Verizon raised its annual profit forecast, with strong demand for higher-tier plans boosting second-quarter earnings. Shares rose 4% premarket. Wireless service revenue climbed 2.2% as users opted for add-ons like Netflix. However, Verizon lost 9,000 bill-paying wireless subscribers in April-June, missing analyst expectations. The company is focusing on internet services, winning approval for a $20 billion acquisition of Frontier. Verizon reported revenue of $34.5 billion, beating estimates, and raised its 2025 profit and free cash flow forecasts.

Read more at Yahoo Finance: Verizon boosts annual profit forecast on demand for premium plans